Inter Milan terminate contract of Antonio Conte

Antonio Conte and Inter Milan have parted ways days after winning the club’s first Serie A title in nine years. After talks on Wednesday, the 51-year-old Italian manager decided to leave the club after a clash of opinions regarding future plans for the squad with the Chinese owners.

Inter Milan is also one of many clubs that are facing a financial crisis due to the impact of COVID-19. The club had plans of cost-cutting and wanted to sell several players for €80 million this summer. Conte reportedly had a different view about this situation since he wanted reinforcements to help Inter to defend the Serie A title and progress in knockout rounds of the Champions League.

Conte had one year deal left on his contract. The Italian Champions had reportedly agreed to a severance package of €7 million to terminate his contract. Conte is likely to be in demand since there are many big clubs in Europe for a new manager/head coach.

Nerazzurri registered a €100 million loss due to the pandemic last season. The club secured a financial contribution worth €275 million from US investment firm Oaktree, but they still have to balance the books by sanctioning sales of few players in the summer. As they were celebrating the Serie A title win, the Italian club has been struggling financially in the last 12 months. It will be interesting to see whether there is an exodus of players after Conte’s departure.

Simone Inzaghi and Massimiliano Allegri are reportedly the frontrunners to replace Conte at Inter Milan. The Italian champions are gearing up for a tough summer as key players might leave and finding adequate replacements for them is going to be difficult.

Meanwhile, Antonio Conte is reportedly not looking to take a break from football. The Italian manager has been a serial winner at different clubs he has managed over the years. He had successful stints at Juventus, Italian National Team, and Chelsea.

Conte won the Serie A thrice and Supercoppa Italiana twice with Juventus. During his two-year spell at Chelsea, he helped the club to win Premier League and FA Cup. In 2019, he signed for Inter Milan and helped them to win the Serie A this year. 

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